1
FINRA SERIES 6 EXAM STUDY GUIDE
2025/2026 ACCURATE QUESTIONS AND
VERIFIED CORRECT SOLUTIONS WITH
RATIONALES || 100% GUARANTEED PASS
<RECENT VERSION>
Retail Communication - "any written (including electronic) communication that is
distributed or made available to more than 25 retail investors within any 30
calendar-day period.
*Preapproval of a principal is required (prior to use).
Correspondence - written or electronic communication that is distributed or
made available to 25 or fewer retail investors within any 30-calendar-day period
**Pre- or post-review of a principal is required (reviewed before or after use).
Institutional communication - any written communication that is distributed or
made available only to institutional investors but does not include a member
firm's internal communications.
**No preapproval of a principal is required
Public Appearance - participation in a seminar, webinar, forum (including an
interactive electronic forum such as a chat room), radio or television interview, or
other public appearance or public speaking activity.
**Preapproval of a principal may be required but is not mandated
,2
independently prepared reprint (IPR) - consists of any article reprint that meets
certain standards designed to ensure that the reprint was issued by an
independent publisher and was not materially altered by the member
**must be preapproved by a principal if the communication meets the definition
of a retail communication.
research report - is a document prepared by an analyst or strategist, typically as
part of a research team for an investment bank or broker-dealer.
**Research reports must be preapproved by a principal if the communication
meets the definition of a retail communication
electronic communications - Websites, whether sponsored by the company itself
or set up by an individual registered representative, are considered retail
communications and are subject to applicable filing and recordkeeping rules. They
must be reviewed and approved by a principal prior to first use and must contain
no exaggerated claims or misleading information.
Electronic bulletin boards - are also considered retail communications, but a
registered representative using one, or a chat room, need not identify himself as a
registered person. Use of an online interactive forum by a registered
representative must be approved by a principal, although each post does not
require principal approval
Generic advertising - promotes securities as an investment medium but does not
refer to any specific security. Generic advertising often includes information
about:
,3
-the securities investments that companies offer,
- the nature of investment companies,
- services offered in connection with the described securities,
- explanations of the various types of investment companies,
- descriptions of exchange and reinvestment privileges, and
- where the public can write or call for further information
Rule 3110 - Each member must retain copies of its registered representatives'
correspondence according to the recordkeeping rule
Filing Requirements during 1st year of operation - FINRA will require the member
to file any retail communication that is published or used in any electronic or
other public media (e.g., any generally accessible website, newspaper, magazine
or other periodical, radio, television, telephone or audio recording, video display,
sign or billboard, motion picture, or telephone directory [other than routine
listings]) with FINRA at least 10 business days before first use (prefiling).
Filing Requirements for an "Established Firm" (after completion of 1st year of
registration) - may file retail communications relating to investment companies
(including mutual funds, variable contracts, and UITs) within 10 business days of
first use (post-filing).
Whether a first year firm or not, retail communications for investment companies
(including mutual funds, variable contracts, and UITs) that include a ranking or
comparison that is generally not published or is the creation of the investment
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company or the member must be filed with FINRA.... - at least 10 business days
before first use (prefiling).
If the ranking or comparison is generally published or is the creation of an
independent entity (e.g., Lipper or Morningstar), what rules apply? - the usual
filing rules for filing will apply (i.e., within 10 business days of first use [post-
filing])
Spot Checks - Each member's retail communications are subject to routine spot
checks. Members must comply with written requests for such material by FINRA.
Material filed previously with FINRA under this rule need not be resubmitted.
Exemptions From Filing and Spot Check Requirements - -retail communications
that previously have been filed with the department and that are to be used
without material change;
-retail communications that do not make any financial or investment
recommendation or otherwise promote a product or service of the member;
-retail communications that do no more than identify a national securities
exchange symbol of the member or identify a security for which the member is a
registered market maker;
-retail communications that do no more than identify the member or offer a
specific security at a stated price;
-press releases that are made available only to members of the media;
-any reprint or excerpt of any article or report issued by a publisher ("reprint")
-correspondence;
-institutional communications;
FINRA SERIES 6 EXAM STUDY GUIDE
2025/2026 ACCURATE QUESTIONS AND
VERIFIED CORRECT SOLUTIONS WITH
RATIONALES || 100% GUARANTEED PASS
<RECENT VERSION>
Retail Communication - "any written (including electronic) communication that is
distributed or made available to more than 25 retail investors within any 30
calendar-day period.
*Preapproval of a principal is required (prior to use).
Correspondence - written or electronic communication that is distributed or
made available to 25 or fewer retail investors within any 30-calendar-day period
**Pre- or post-review of a principal is required (reviewed before or after use).
Institutional communication - any written communication that is distributed or
made available only to institutional investors but does not include a member
firm's internal communications.
**No preapproval of a principal is required
Public Appearance - participation in a seminar, webinar, forum (including an
interactive electronic forum such as a chat room), radio or television interview, or
other public appearance or public speaking activity.
**Preapproval of a principal may be required but is not mandated
,2
independently prepared reprint (IPR) - consists of any article reprint that meets
certain standards designed to ensure that the reprint was issued by an
independent publisher and was not materially altered by the member
**must be preapproved by a principal if the communication meets the definition
of a retail communication.
research report - is a document prepared by an analyst or strategist, typically as
part of a research team for an investment bank or broker-dealer.
**Research reports must be preapproved by a principal if the communication
meets the definition of a retail communication
electronic communications - Websites, whether sponsored by the company itself
or set up by an individual registered representative, are considered retail
communications and are subject to applicable filing and recordkeeping rules. They
must be reviewed and approved by a principal prior to first use and must contain
no exaggerated claims or misleading information.
Electronic bulletin boards - are also considered retail communications, but a
registered representative using one, or a chat room, need not identify himself as a
registered person. Use of an online interactive forum by a registered
representative must be approved by a principal, although each post does not
require principal approval
Generic advertising - promotes securities as an investment medium but does not
refer to any specific security. Generic advertising often includes information
about:
,3
-the securities investments that companies offer,
- the nature of investment companies,
- services offered in connection with the described securities,
- explanations of the various types of investment companies,
- descriptions of exchange and reinvestment privileges, and
- where the public can write or call for further information
Rule 3110 - Each member must retain copies of its registered representatives'
correspondence according to the recordkeeping rule
Filing Requirements during 1st year of operation - FINRA will require the member
to file any retail communication that is published or used in any electronic or
other public media (e.g., any generally accessible website, newspaper, magazine
or other periodical, radio, television, telephone or audio recording, video display,
sign or billboard, motion picture, or telephone directory [other than routine
listings]) with FINRA at least 10 business days before first use (prefiling).
Filing Requirements for an "Established Firm" (after completion of 1st year of
registration) - may file retail communications relating to investment companies
(including mutual funds, variable contracts, and UITs) within 10 business days of
first use (post-filing).
Whether a first year firm or not, retail communications for investment companies
(including mutual funds, variable contracts, and UITs) that include a ranking or
comparison that is generally not published or is the creation of the investment
, 4
company or the member must be filed with FINRA.... - at least 10 business days
before first use (prefiling).
If the ranking or comparison is generally published or is the creation of an
independent entity (e.g., Lipper or Morningstar), what rules apply? - the usual
filing rules for filing will apply (i.e., within 10 business days of first use [post-
filing])
Spot Checks - Each member's retail communications are subject to routine spot
checks. Members must comply with written requests for such material by FINRA.
Material filed previously with FINRA under this rule need not be resubmitted.
Exemptions From Filing and Spot Check Requirements - -retail communications
that previously have been filed with the department and that are to be used
without material change;
-retail communications that do not make any financial or investment
recommendation or otherwise promote a product or service of the member;
-retail communications that do no more than identify a national securities
exchange symbol of the member or identify a security for which the member is a
registered market maker;
-retail communications that do no more than identify the member or offer a
specific security at a stated price;
-press releases that are made available only to members of the media;
-any reprint or excerpt of any article or report issued by a publisher ("reprint")
-correspondence;
-institutional communications;
